Mark Lennihan, AP
Though people ages 18 to 35 want to own a home, 69 percent say the housing bust has helped them know more about buying a home than their parents did at their age, according to MarketWatch, citing a study by Better Homes and Gardens Real Estate.
“They’re not going to end up getting into a situation that they’ve seen where they can’t keep the house” because they can no longer afford it, Matt Rand, managing partner of Better Homes and Gardens Rand Realty, told Marketwatch.
Those surveyed are optimistic about eventually owning a home. Forty percent would work at a second job and 23 percent say they would live with their parents in order to save up for a home.
Sixty-nine percent of people ages 18 to 35 won’t buy a home until they have enough money saved up to keep the purchase from impacting their form of living.
Seventy-five percent of the 1,001 people surveyed see homeownership as a crucial indicator of success.
- Refurbished furniture carving out business...
- It just became easier to be a mother in the Navy
- Dave Ramsey says: Handle money with planning,...
- New plans for Wasatch Front bikers, drivers...
- Balancing act: Individual's work-life journey...
- These airports want to help you draw closer...
- Greek villagers' secret weapon: Grow your own...
- Sandy businessman files intent to sue Salt...
- Greek villagers' secret weapon: Grow... 5
- State liquor stores using price tags to... 5
- The average Joe only works 4.5 hours a... 4
- North Salt Lake homeowners deny... 4
- Standoff over social media passwords... 2
- Owner of 'Tetris' rights takes Hawaii... 2
- Carnival aims to launch Miami to Cuba... 2
- New plans for Wasatch Front bikers,... 1